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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 77,747 $ 154,684
Accounts receivable, net of $13,630 and $13,586 of adjustments for chargebacks and other allowances at March 31, 2016 and December 31, 2015, respectively 22,481 21,932
Inventories, net 13,922 13,387
Prepaid income taxes 1,150 1,127
Prepaid expenses and other current assets 1,252 1,453
Total Current Assets 116,552 192,583
Property and equipment, net 8,415 7,131
Deferred tax asset, net of valuation allowance 17,397 17,316
Intangible assets, net 147,386 66,397
Goodwill 1,838 1,838
Total Assets 291,588 285,265
Current Liabilities    
Accounts payable 3,040 2,066
Accrued expenses and other 1,727 617
Accrued royalties 4,632 606
Accrued compensation and related expenses 722 1,188
Accrued Medicaid rebates 3,424 4,631
Returned goods reserve 2,666 2,648
Total Current Liabilities 16,211 11,756
Long-term Liabilities    
Convertible notes, net of discount and deferred financing costs 115,199 113,427
Total Liabilities $ 131,410 $ 125,183
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common Stock, $0.0001 par value, 33,333,334 shares authorized; 11,455,364 shares issued and outstanding at March 31, 2016; 11,498,228 shares issued and outstanding at December 31, 2015 $ 1 $ 1
Class C Special Stock, $0.0001 par value, 781,281 shares authorized; 10,864 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 0 0
Preferred Stock, $0.0001 par value, 1,666,667 shares authorized; 0 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 0 0
Additional paid-in capital 165,681 164,431
Accumulated deficit (5,504) (4,350)
Total Stockholders' Equity 160,178 160,082
Total Liabilities and Stockholders' Equity $ 291,588 $ 285,265